The trial over Elon Musk’s 2018 tweets about potentially taking Tesla private quickly focused on whether those statements were fraudulent or the rushed shorthand of a chief executive
The trial over Elon Musk’s 2018 tweets about potentially taking Tesla Inc. private quickly focused on whether those statements were fraudulent or the rushed shorthand of a chief executive earnestly trying to communicate with shareholders.
being tried in federal court centers on Mr. Musk’s tweets more than four years ago floating the possibility of taking Tesla private and the effect they had on individual investors’ decision making.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk heads to trial over 2018 ‘funding secured’ Tesla tweetThe trial over the class-action lawsuit begins Tuesday with jury selection in San Francisco federal court.
Read more »
Elon Musk Faces Trial for Alleged Fraud Over 2018 Tesla Buyout TweetsElon Musk claimed in a 2018 tweet that he had lined up the financing to pay for a $72 billion buyout of Tesla. But the buyout never materialized and now Musk will have to explain his actions under oath in a federal court.
Read more »
Jury selected for Elon Musk trial about 2018 Tesla buyout tweetsA nine-person jury was seated Tuesday to hear a trial that will determine whether Tesla CEO Elon Musk cheated investors by asserting in 2018 tweets that he...
Read more »
Musk trial: lawyers clash over whether CEO lied in 2018 Tesla tweetTesla Inc CEO Elon Musk 'lied' when he said that funding was 'secured' to take the company private, a lawyer for Tesla investors said on Wednesday, as an attorney for Musk argued that the billionaire merely used the 'wrong words' when he tweeted about his plans in 2018.
Read more »
What's at stake for Musk in shareholder trial over 2018 Tesla tweetsMusk will try to defend himself against claims of securities fraud over 2018 tweets saying he had secured funding to take Tesla private in a trial that began this week in a San Francisco federal court.
Read more »
Jury seated in Tesla shareholder case over Musk's 2018 tweetsA jury of nine people in San Francisco was chosen on Tuesday to hear a case brought by Tesla Inc shareholders over CEO Elon Musk's 2018 tweets that he had secured funding to take the electric care maker private.
Read more »